US Government is BORROWING $4.8 BILLION PER DAY!!

I wanted to do some math! It's really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven't done these simple calculations for themselves then...well

In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION.

I wanted to do some math! It's really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven't done these simple calculations for themselves then...well

In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION.

These tax increases will fund the governments BORROWING habits for less than 17 DAYS PER YEAR at current borrowing rates.

Let this sink in and understand that none of what is being jockeyed about in congress, the senate, and by this pitiful president, really matters.

This entire horse and pony show is a smoke screen.

Quoting: N3m3s1s

Apparently every month another percent is added to the debt to GDP ratio....right now the USA is over 100 percent of debt to GDP.....meaning we don't even break even anymore....Last time the USA was in this position was ww2....but at least then industries were set up to support the war effort and the rebuilding that would eventually come after the war....

Now we have entire manufacturing sectors that have been uprooted and moved to cheap labor countries.....

Our GDP will not be able to help service our debt based on our service orientated economies...that's a lot of burgers and fries to sell....